Japan Govt Urged to Realize Minimum Wage of 1,000 Yen Early
Tokyo, May 14 (Jiji Press)--Private-sector members of a key Japanese advisory panel on Tuesday called on the government to achieve its goal of raising the average minimum hourly wage across the country to 1,000 yen early in a bid to stimulate personal spending.
At a meeting of the Council on Economic and Fiscal Policy on the day, Prime Minister Shinzo Abe instructed labor minister Takumi Nemoto to consider ways to achieve the target and submit a report to the key government council, headed by Abe, at an appropriate time.
Currently, the country's average minimum hourly wage stands at 874 yen.
"Measures to underpin domestic demand are indispensable for maintaining and expanding a virtuous cycle of economic growth and distribution," one of the private-sector members said at the meeting.
The private-sector members are apparently hoping that wages of nonregular workers will be raised to help prevent personal spending from slumping after the planned consumption tax hike to 10 pct from the current 8 pct in October.
[Copyright The Jiji Press, Ltd.]